am
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Post by am on Jan 24, 2016 11:17:44 GMT
While it doesn't matter to me (I have a holding of less than 0.5p, via GBBA), there doesn't seem to have been any discussion on this.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jan 24, 2016 13:18:50 GMT
While it doesn't matter to me (I have a holding of less than 0.5p, via GBBA), there doesn't seem to have been any discussion on this. Seems like a no-brainer to me, compared to recent votes. 2 month extension with extra 1.5% on a loan where the only issue has been the lack of a buffer because AC forgot to retain it. Only alternative would be to hold out for default interest but dont really see how thats warranted & seems greedy
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mikes1531
Member of DD Central
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Post by mikes1531 on Jan 24, 2016 14:05:41 GMT
What I haven't worked out is why AC have suspended trading in this loan. Whichever way the vote goes, the repayments on this loan still are up to date so trading should be allowed at least until 18/Feb when the loan currently matures.
Am I missing something?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,330
Likes: 11,549
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Post by ilmoro on Jan 24, 2016 14:18:55 GMT
What I haven't worked out is why AC have suspended trading in this loan. Whichever way the vote goes, the repayments on this loan still are up to date so trading should be allowed at least until 18/Feb when the loan currently matures. Am I missing something? Just standard practice I guess. Vote=suspension. Given that all instructions should have automated responses built in for monitoring or credit events in theory there shouldnt be any need to ever stop trading but as we know from the statements on the permanently suspended loans AC feel that it is prudent to protect lenders from themselves. In my case, I will probably up my holding and therefore get the chance to compete with those who already had an instruction whereas otherwise I would have been late to the party (if there was one)
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sl75
Posts: 2,092
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Post by sl75 on Jan 24, 2016 18:10:56 GMT
What I haven't worked out is why AC have suspended trading in this loan. Whichever way the vote goes, the repayments on this loan still are up to date so trading should be allowed at least until 18/Feb when the loan currently matures. Am I missing something? If you allow trading during the voting period, exactly what moment do you evaluate the holdings to determine how much each lender's vote counts for? It seems simplest if the count is unambiguous - i.e. lender holdings don't change during the voting period.
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Post by Ton ⓉⓞⓃ on Jan 24, 2016 21:02:15 GMT
While it doesn't matter to me (I have a holding of less than 0.5p, via GBBA), there doesn't seem to have been any discussion on this. Thanks for the reminder, I'd missed this one. Just Voted A. He seems a very steady person in one way and hopefully this will continue as a steady loan, though when the loan was first proposed it did seem a little hard to see how he'd get all the work done on the HMO before it was due to be let to students, now we see he hasn't managed it in 18 months let alone the 2 or 3months that were originally postulated (from memory) I see the cr was updated in Sept '15 I wonder what the edit was?
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Post by davidricketts1 on Jan 25, 2016 15:50:38 GMT
What I haven't worked out is why AC have suspended trading in this loan. Whichever way the vote goes, the repayments on this loan still are up to date so trading should be allowed at least until 18/Feb when the loan currently matures. Am I missing something? If you allow trading during the voting period, exactly what moment do you evaluate the holdings to determine how much each lender's vote counts for? It seems simplest if the count is unambiguous - i.e. lender holdings don't change during the voting period. Is the correct answer. Need to keep lender holdings the same for the vote to make any sense hence the suspension.
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